Eco Fund

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Diagram

Inspiration

Blockchains are great for making transparent, verifiable claims and this means that there is a world of Web3 environmental tools to explore and create.

What it does

EcoFund (as in: Decentralized Fundraisers) is a decentralized platform for fundraising of all Environmental problem & solutions. As any dApp, it runs on blockchain and ensures full automation, security, transparency and fairness.

EcoFund currently supports two types of fundraisers:

1. One-time fundraiser where the organizer describes the goal of the fundraiser and optional the goal amount (in USD) and end date. Donors may choose to fund a one-time fundraiser as long as it's in open status and they have funds in their wallet.

2. recurring fundraiser where donors may pledge to donate a set amount at a given interval - this can be used for all kinds of cyclical donations.

How we built it

## EcoFund relies on the following technologies:

Chainlink price feeds are used to securely convert donations made in crypto to fiat goals, e.g. TCRO → USD.
Chainlink Keepers are used to automate recurring payments made from donors to fundraisers.
Moralis is used for smooth web3 experience.
Web3.Storage powered by Filecoin is used to store fundraiser descriptions and images in a decentralized manner without the cost of on-chain storage.
- CRONOS TESTNET used for the contract.

Diagram

diagram

The core of the platform is a factory smart contract responsible for coordinating all fundraisers, donations and recurring payments. The system was build with modularity in mind, supporting more than one type of fundraiser. Every fundraiser is a separate instance of a smart contract, independent of the factory (coordinator). Recurring payments are triggered by Chainlink Keepers.